All posts tagged Mathew Martoma

Another prosecutor is leaving the already-depleted team in the Manhattan U.S. Attorney’s office that spearheaded a crackdown on insider trading.

Eugene Ingoglia, who successfully prosecuted Mathew Martoma, formerly of SAC Capital Advisors LP, is joining Manhattan law firm Morvillo LLP after nine years as a federal prosecutor, the firm said Thursday. Read More »

A federal judge sentenced Mathew Martoma to nine years in prison Monday, handing the former SAC Capital Advisors LP portfolio manager a stiff prison term in line with climbing punishments for insider trading.

The sentence gives the government another big win in its multiyear investigation into SAC and its billionaire founder, Steven A. Cohen. Read More »

20 years: Convicted insider trader Mathew Martoma could face nearly 20 years in prison if a federal judge hews to recommendations made by court officials, a duration that would be the longest sentence ever for the crime. [WSJ]

Obama makes his mark: The president’s 49 appellate appointees have dramatically altered the landscape of the federal circuit courts, enabling Democratic-appointed judges “to control every important case if they wish to,” said University of Pittsburgh law professor Arthur Hellman. [Washington Post]

GM engineer talks: One of the GM engineers at the center of the controversy over the company’s handling of a deadly ignition switch defect has met with congressional investigators, indicating lawmakers are accelerating their probe. [WSJ] Read More »

Mathew Martoma, the former SAC Capital Advisors LP portfolio manager who was found guilty of insider trading by a federal jury earlier this month, asked the judge who presided over his trial to overturn the verdict or give him a new trial.

In a court motion filed Thursday, Mr. Martoma argues that his case should be thrown out because the government failed to prove beyond a reasonable doubt that he traded on material, nonpublic information and because the key witness who testified against him was unreliable. Read More »

Mr. Martoma was convicted of taking part in what prosecutors say was one of the largest insider-trading schemes ever—illegal trades on two pharmaceutical companies that helped SAC and its traders book profits and avoid losses worth a total of $276 million.

With the win, the Manhattan U.S. attorney’s office has gone 79-0 in securing convictions or guilty pleas in its recent insider-trading crackdown. Read More »

The latest person to face the choice over whether to take the stand, Mathew Martoma, also opted against it.The trial of the former SAC Capital Advisors LP portfolio manager wrapped up in Manhattan federal court. Prosecutors and lawyers for Mr. Martoma made their closing statements Monday. Jurors are likely to start deliberating on Tuesday. Read More »

Earlier Thursday, news broke that Mathew Martoma, the former SAC Capital portfolio manager on trial for alleged insider trading, had been expelled from Harvard Law School in 1999 for falsifying his grade transcripts.

At first, the details regarding the situation were vague.

But previously sealed documents on the matter have now been unsealed, and, for anyone who’s done any time at a law school or, for that matter, any institution of higher learning, they make for some fascinating reading. For starters: while at Harvard, Mr. Martoma was known as Ajai Mathew Thomas. He has since changed his name.

An August 1999 letter from Harvard law professor and “hearing officer” for disciplinary cases, Randall Kennedy, to other members of the school’s administrative board lays out the board’s basic findings: Read More »

Mathew Martoma leaves Manhattan Federal Court after facing charges on an insider trading scheme in New York August 23, 2013.

Reuters

Just days away from the insider trading case of a former SAC Capital Advisors LLP portfolio manager, significant questions remain about what evidence prosecutors will be allowed to show to the jury.

One piece in particular stands out and, if allowed in, could prove a boon to the government’s case.

Prosecutors want to present previously undisclosed evidence that former SAC employee Mathew Martoma allegedly obtained different “confidential information” than the insider tips described in his indictment. If they get their way, prosecutors’ case could be strengthened by potentially powerful circumstantial evidence. Read More »

About Law Blog

The Law Blog covers the legal arena’s hot cases, emerging trends and big personalities. It’s brought to you by lead writer Jacob Gershman with contributions from across The Wall Street Journal’s staff. Jacob comes here after more than half a decade covering the bare-knuckle politics of New York State. His inside-the-room reporting left him steeped in legal and regulatory issues that continue to grab headlines.

Must Reads

First Amendment advocates and major media companies are urging a federal appeals court to throw out a defamation judgment against "American Sniper" author Chris Kyle that entitled former Minnesota Gov. Jesse Ventura to more than $1 million of the royalties from the book.

A federal jury in Los Angeles on Tuesday ordered singers Robin Thicke and Pharrell Williams to pay about $7.4 million to the family of Marvin Gaye, after finding the duo’s 2013 hit song “Blurred Lines” copied parts of Mr. Gaye’s “Got to Give it Up.”